The San Antonio Spurs pushed their rebuild into full swing Wednesday, trading All-Star guard Dejounte Murray to the Atlanta Hawks for forward Danilo Gallinari and a trio of first-round picks. The deal was announced by the teams on Thursday afternoon.

Hawks receive:

• Dejounte Murray
• Jock Landale

Spurs receive: 

• Danilo Gallinari
• 2023 first-round pick (via Charlotte from New York, protected)
• 2025 first-round pick
• 2026 pick swap
• 2027 first-round pick

ESPN’s Adrian Wojnarowski was first to report news of the deal, while The Athletic’s Chris Kirschner spelled out details of the future Draft assets. Wojnarowski also reports the Spurs are expected to waive Gallinari.

After officially completing trade with Hawks today, the Spurs are expected to waive F Danilo Gallinari, sources tell ESPN. As a free agent, Gallinari will be able to choose among contenders in both conferences.

— Adrian Wojnarowski (@wojespn) June 30, 2022

The Atlanta Hawks are trading Danilo Gallinari and multiple first-round picks to the San Antonio Spurs for All-Star guard Dejounte Murray, sources tell ESPN.

— Adrian Wojnarowski (@wojespn) June 29, 2022

Full deal for the Hawks-Spurs trade of Dejounte Murray:

Hawks get Dejounte Murray

Spurs get Danilo Gallinari, 2025 first round pick, 2027 first round pick, 2026 swap and 2023 Charlotte protected first.

— Chris Kirschner (@ChrisKirschner) June 29, 2022

This 💩 just got real

Let’s get busy my Brotha😤@DejounteMurray pic.twitter.com/D9DBBvtGml

— Trae Young (@TheTraeYoung) June 29, 2022

SAN ANTONIO I LOVE YOU FOREVER…..🖤 Thank You @spurs And The Whole City For Believing In Me And Embracing Me From DAY ONE. I Want To Write A Whole Book But It’s Not Easy. We Are Family And Its Always Going To Be Bigger Than Basketball!!! pic.twitter.com/wMrmZanTbj

— Dejounte Murray (@DejounteMurray) June 30, 2022

Officially official 🔥

Welcome to Atlanta, @DejounteMurray pic.twitter.com/nFZ9iM88ky

— Atlanta Hawks (@ATLHawks) June 30, 2022

Wojnarowski reported that Atlanta will send a 2023 first-round pick from the Hornets to San Antonio, in addition to first-round picks in 2025 and 2027 in a deal that reportedly also includes a 2026 pick swap.

For Atlanta, all the moving parts achieved the goal of strengthening a backcourt already led by All-NBA guard Trae Young, who finished sixth in the league in scoring (28.4 points per game), by adding a dynamic young point guard coming off his best season as a pro.

The 29th pick of the 2016 NBA Draft, Murray, 25, earned his first All-Star nod in 2021-22, averaging a career-high 21.1 points to go with 9.2 assists, 8.3 rebounds and 2.0 steals. The six-year veteran instantly upgrades Atlanta’s backcourt on the defensive end as the rangy point guard earned NBA All-Defensive 2nd Team honors in just his second season (2017-18).

Gallinari, meanwhile, averaged 11.7 points, 4.7 rebounds and 1.5 assists last season for the Hawks, which finished 43-39. The 33-year-old joins a Spurs squad in full rebuild mode with only one other player on the roster (Doug McDermott) age 30 or older.